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<br />p !!;~ ff~~ ~~ssi {~ ~y, WITH fABFHRftEb ,INTEREST AND' INCIt6CASI~I~G MO1hT1"HLY
<br />C? l'^j W U S3'1 a7 7i ` INSTF(LIJ~t~h'S `""~_
<br />THIS MORTGAGE, made and executed this 21st day of t)ecember .A.D.
<br />19 81 ,by and between Michael J. Cleary and Deborah S. c7eary, Husband and Wife
<br />of the County of Hall ,and State of Nebraska. party of the first pert. hereinafter called
<br />the Mortgagor, and Superior Mortgage, Inc.
<br />a corporation organized and existing under the Taws of Nebraska
<br />party of the second Dart. hereinafter called the Mortgagee.
<br />W ITNESSETH: That the said Mortgagor. for and inconsideration of the sum of Forty five thousand one
<br />hundred and No/100ths- -----__-___~__ Dollars IS 45,100.00 ), paid by the Mort-
<br />gagee, the receipt o which is hereby acknowledged, has Grantee and Sold and by these presents does Grant, Bar-
<br />gain. Sell, Convey and Contirm unto the Mortgagee. its successors and assigns, forever. [he following-described
<br />real estate. situated in the Coumy of gall ,and State
<br />of Nebraska, to wit:
<br />Lot Eighteen (18), Bishop Heights Subdivision, Hall County, Nebraska
<br />of [he Sixth Principal Meridian, containing in all
<br />meat survey:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now ur hereafter :utached to ur used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. "Che Mortgagor represents to, and covenants with, [he Mortga-
<br />gee. that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and [he said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or inequity, and all other contingent interests of the
<br />Mortgagor ip and to the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents ore executed and delivered upon the folhiwing conditions, to wit:
<br />The Mortgagoragrees to pay to the Mortgagee. ur oriler, ibe prncipal sum of Forty five thossand -one
<br />hundred and No/100ths---------------- fktllarslS 45,100.00 1•
<br />with interest from date at the rate of Fifteen and Ante-half per centum ( 15.50 ~) per annum un
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage, Inc.
<br />in tarand Island, Nebraska , ur at such other place as the holder of
<br />the note may designate in writing, in monthly installments of (according to Schedule A on said note )
<br />t~lotltta~xx 1, conttnencittg on the first day of
<br />F b~~ua;~yy , I9 82 - and on the first day of each month thereafter until the principal and in-
<br />terest are ~ully pm+-1, except that thr final payment of principa! ^nd interest, if nut sooner paid, shall be due and
<br />payable on the first day of January, 2012 ;all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said MortgaKur. (Deferred interest shall be added to the
<br />principal balance monthly and shall increase the principal balance to not more than 550,265.07)
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />I. 'Phut he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are neat due on the note, on the first day of any month
<br />prior to maturity: Provided, however,'['hat written notice of an intention to exercise such privilege is given ut least thirty i?0)
<br />Jays prior to prepayment.
<br />?. That, together with, and in addition to, the monthly payments of principal mtd interest payable under the terms of the
<br />mote secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the lain note is fully paid, the
<br />following sums:
<br />(aj Amount sufficient Iu provide rite holder hereof with funds to pay the next mortgage insw'ance premium rf this
<br />instrument a»d the note secured hereby are insured, or a monUdy charge (in lieu oJ'a nnrrrgrtye irrsurunce prr-
<br />miumJ if they are held by the Secretory of Flouring and Urban Ikvelopnrent, ;ts follows'.
<br />tl) If attd su lung as said note oC even date and thrs instrument are insured +wr are reinsured under the pro-
<br />vtsioas of the Natiintal Housing Act, an amount sufficient tir a+:cumulate in the hands irf the holder one
<br />rizpiaexx FHA~2193M whrdr maY ix used anal supVly rs exn~usted b"f~:1Tf:l)F N$FiRAtihA
<br />- riUD~92t 43M 19-~9t
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